Best Buy Co Inc posted lower first-quarter earnings and weaker-than-expected sales on Tuesday and implied earnings for the rest of the year would be worse than forecast, dragging its shares down more than 7 percent.
Best Buy Co Inc maintained its forecast for the year after posting lower first-quarter earnings on Tuesday, dragging its shares down 3.5 percent even though the profit topped analysts' expectations.
Best Buy Co Inc posted lower first-quarter earnings and weaker-than-expected sales on Tuesday and also implied earnings for the rest of the year would be worse than forecast, dragging its shares down 3 percent.
U.S. stocks tumbled, marking their worst slide in a month on Monday after regional manufacturing data dented optimism about the economy's health and resource shares fell alongside commodity prices.
U.S. stocks headed for a sharply lower open on Monday as a resurgent U.S. dollar drove a pullback in the price of oil and other commodities, while a broker downgrade hurt shares of Wal-Mart Stores Inc .
U.S. stock index futures pointed to a sharp slide on Wall Street on Monday as a resurgent U.S. dollar drove a pullback in the prices of oil and other commodities.
As students study for final exams, the retail industry is gearing up for its biggest test so far this year -- the back-to-school shopping season. After cutting costs to cope with slack consumer demand during the recession, retailers hope the economy will start to recover in the second half of the year.
Wal-Mart Stores Inc's announced a new $15 billion share repurchase plan on Friday and said market share gains it has made amid the recession are permanent as a new normal emerges in which consumers seek to save money.
U.S. employers last month cut the fewest jobs since September and international policy-makers said the worst of the downturn may be over as more positive corporate news popped up around the globe.
The Dow industrials ended slightly higher on Friday while the S&P 500 and the Nasdaq dipped as investors paused to consider conflicting signals in monthly U.S. jobs data. Investors also sold some recent winners to take some profits from the spring rally.
Global stocks edged higher and the U.S. dollar gained against the euro and yen on Friday after the pace of U.S. job losses slowed sharply in May, adding to growing sentiment that the economic slowdown may be turning.
Wal-Mart Stores Inc's announced a new $15 billion share repurchase plan on Friday and said market share gains it has made amid the recession are permanent as a new normal emerges in which consumers seek to save money.
U.S. stocks rose in choppy trading on Friday as investors grappled with conflicting monthly jobs data, with the Dow industrials boosted after Wal-Mart said it was buying back more of its shares.
Wal-Mart Stores Inc.’s board of directors has approved a new $15 billion share repurchase program, the firm announced Friday.
Wal-Mart Stores Inc's annual meeting got under way on Friday amid raucous cheers as the world's largest retailer celebrates the gains it has made expanding its business despite a global economic downturn.
Most retailers posted disappointing May sales as recession-weary shoppers cut spending at stores ranging from high-end chains to discounters like Target Corp , pushing down retail shares.
Discounter Wal-Mart Stores Inc says it will add more than 22,000 jobs in its U.S. namesake stores in 2009.
Shoppers searched for bargains and basics in May, leading many retailers to miss sales expectations on Thursday even though the bar was set pretty low for most chains.
Shoppers searched for bargains and basics in May, leading several retailers to miss sales expectations on Thursday even though the bar was set pretty low for most chains.
Discounter Wal-Mart Stores Inc says it will add more than 22,000 jobs in its U.S. namesake stores in 2009.
Wal-Mart Stores Inc employees could be shouting the retailer's corporate cheer with renewed vigor at this year's annual meeting.
Dollar General Corp reported a sharply higher quarterly profit on Tuesday, as cost-conscious consumers flocked to the discount retailer's stores for bargains in the recession.